Metals and Mining
Company Overview of Dubai Aluminium Company Limited
Dubai Aluminium Company Limited owns and operates aluminum smelters that manufactures and supplies aluminum products. The company offers foundry alloys for automotive applications, including wheel rims, sub-frames, suspension parts, cross members, and engine cradles; and extrusion billets for construction, industrial, forging, and transportation purposes. It also provides aluminum products are used in the manufacture of compact discs, computer hard drive memory disks, capacitors, and other electronic components, as well as aerospace industries. In addition, the company produces potable and distilled water by distillation of seawater. It serves clients in Asia, Europe, the Middle East, the Fa...
United Arab Emirates
Founded in 1975
Key Executives for Dubai Aluminium Company Limited
Chief Executive Officer and President
Group Chief Financial Officer and Executive Vice President, and Member of Executive Management Committee, Member of Investment Committee, and Member of Risk Management Committee
Vice President of Human Resources and Organization Effectiveness
Vice President of Corporate Relations and International Affairs
Compensation as of Fiscal Year 2014.
Dubai Aluminium Company Limited Key Developments
Dubai Aluminium Company Limited Closes $1.8 Billion Loan Agreement
Jan 9 15
Dubai Aluminium (Dubal) has closed a $1.8 billion seven-year loan deal just before the end of 2015. The company had roped in as many as 15 domestic and overseas banks to sanction the loan amount. The company had selected Emirates NBD, Societe Generale and Citi to arrange the deal. The lenders had fully underwritten the loan and had started the process to invite several other lenders to join the deal. Global loan information platform Thomson Reuters LPC said that the loan disbursed an interest rate of 145 basis points above the London Interbank Offered Rate (LIBOR). This is the first syndicated loan that the company has taken for its general business purposes in the last two decades.
Dubai Aluminium Reports Earnings Results for 2013
Feb 19 14
Dubai Aluminium reported earnings results for 2013. For the period, the company declared a 13% increase in its net profit, despite a 3% in sales revenue. Net profit jumped to AED 1.79 billion compared to AED 1.58 billion in 2012. While sales came down to AED 9.5 billion in 2013 over AED 9.77 billion reported in previous year.
Dubai Aluminium Company Limited Reports Earnings Results for the Full Year of 2013
Feb 18 14
Dubai Aluminium Company Limited reported earnings results for the full year of 2013. For the year, net profit of company has boosted by 13% despite a 3% fall in sales revenue. The company's net profit was estimated at USD 487 million in 2013 compared to USD 430 million reported in 2012. However, sales have dropped to USD 2.58 billion in 2013, down from USD 2.65 billion in 2012.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|
Most Searched Private Companies
Sponsored Financial Commentaries